American Petro-Hunter Updates Progress on 15,000 Acre Mississippi Lime Land Package in Rice and Reno Counties, Kansas

American Petro-Hunter Updates Progress on 15,000 Acre Mississippi Lime Land 
Package in Rice and Reno Counties, Kansas Acquisition 
WICHITA, KS -- (Marketwired) -- 10/09/13 --   American Petro-Hunter,
Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") today
is pleased to update stakeholders on the progress of the transaction
for the acquisition of a land package located in central Kansas. For
future reference, the Company has designated the name for the lands
as the "Kansas Mississippi-Osage Project." The land play is
envisioned to become our primary development project and "core" asset
for the future. The agreements cover an Area of Mutual Interest,
(A.M.I.) totaling 15,000 acres located in Rice and Reno Counties,
The Company and the vendor have augmented and renegotiated terms
announced on August 7th. The new terms of the agreement signed with
the vendor, Warpaint Kansas, LP, call for the Company to drill to
earn its interests requiring the Company to spend 100% of the
drilling, completion and infrastructure costs through the tanks on
horizontal Mississippi-Osage wells giving Warpaint a 20% carry, for
the Company to earn its 80% Working Interest (W.I.).  
The expenditure commitment and obligation totals $5.4 million to the
benefit of Warpaint, which will be fully paid after drilling
approximately 10 wells. The acreage, if fully developed on a 640 acre
unit basis, could potentially support the drilling of a minimum of 23
wells. The Company will earn its 80% W.I. on each 640 acre unit
drilled, until it ultimately will have ownership of 15,000 gross, or
12,000 net acres. The Company and Warpaint Kansas, LP expect to
execute formal Purchase and sale Agreements and Joint Operating
Agreements this week.  
The play carries an overall 81.25% Net Revenue Interest (N.R.I.). Of
significance, American Petro Hunter will be acting as the operator of
the project. The Company and Warpaint have structured a timely
development of a new well every ninety (90) days, allowing sufficient
time to drill, complete and evaluate the well prior to proceeding to
the next planned location. The Company plans on beginning the
permitting process for the first well immediately, and has engineered
and proposed four (4) horizontal locations to begin the project
The acreage is located in the heart of lands undergoing horizontal
well development of the Mississippian "Osage" chert by several major
The geology of the leases shows the depth of the Mississippian
"Osage" at 3,300 feet with thickness within the prospective area
ranging between 40' to 50'. The formation has suitable frack barriers
above and below the Mississippian "Osage" in the prospect area
amenable to multi-stage frack completions similar to other company
operations in the area. As the only potential water to be disposed of
will be from the Mississippian "Osage" formation pay zone, this may
greatly reduce the number of potential water disposal facilities
required and ultimately reduce operating costs. The uniform rock
characteristic of the Mississippian "Osage" leads us to believe that
this may be an economically repeatable "play" and compares well to
regional analog production. There are additional secondary objective
targets located above the Mississippi "Osage" in the Lansing and
Kansas City Formations.  
The Mississippian "Osage" chert play was kicked off in 2012 by the
drilling of the Unit Corp #1-21H Overall (section 21-25S-10W) drilled
to a total depth of 8,115' and was completed in June 2012. Cumulative
production for this well during the first five months has been
reported as 30,226 BO and 20,375 MCFG. (201 BOPD, 135 MCFGPD).
American Petro-Hunter is targeting a potential of 200 BPD from the
wells for initial going forward planning.  
Since the completion of the test outlined above, there have been 30
horizontal locations filed for permits. Currently there are 12
producing horizontal wells, 11 undergoing drilling and completion,
and an additional 20 wells permitted in the area. 
About American Petro-Hunter, Inc. (OTCBB: AAPH)
Petro-Hunter is an exploration and production (E&P) company focused
on the acquisition and horizontal development of the Mississippi Lime
and Woodford oil formations located in Oklahoma and Kansas. The
Company operates from its offices in Wichita, Kansas. Visit us at: 
Notice Regarding Forward-Looking Statements
 This news release
contains "forward-looking statements" as that term is defined in
Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press
release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such forward-looking
statements include, among other things, scope and type of consulting
services provided by third parties use of proceeds, future
acquisitions, success of projects, growth and strategic plans. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with petroleum
exploration and development stage exploration companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that such beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consult all of the information
set forth herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent fiscal
year, our quarterly reports on Form 10-Q and other periodic reports
filed from time-to-time with the Securities and Exchange Commission. 
To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH),
visit our website at  
American Petro-Hunter, Inc.
Investor Relations: 
Press spacebar to pause and continue. Press esc to stop.